We recently published Wall Street Shockers: 10 Stocks on Sky High. Pagaya Technologies Ltd. is one of the top-performing companies on Thursday.
Pagaya Technologies jumped by 25.37 percent on Thursday to end at $29.50 apiece following the preliminary results of its second quarter earnings performance that saw the company exceed its net income guidance.
In a statement, Pagaya Technologies Ltd. said that it was expecting to announce $17 million in net income during the second quarter of the year, or 70 percent higher than the high-end range of its $0-$10 million guidance previously.
Revenues were also expected to hit $326 million, or 5-12 percent higher than the $290 million to $310 million guidance prior.
A shot of a financial trader’s hands pressing buttons rapidly on a trading terminal.
Pagaya Technologies Ltd. said it is finalizing the results of its earnings performance, with official data set to be released on August 7, 2025.
“Our second-quarter results reflect continued strong execution across our network, with a focus on consistent and profitable growth,” said Pagaya Technologies Ltd. CFO Evangelos Perros.
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This article is originally published at Insider Monkey.
